Archive News

IFA News

We update our website on a monthly basis with information, news and newsletters which we feel will be of use to you and your business.


October 2009

FSA ensures MPPI firms issue refunds

The Financial Services Authority (FSA) and Mortgage Payment Protection Insurance (MPPI) firms have agreed refunds of around £60 million for customers whose premiums increased this year.

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Interest rates forecasted to stay low

As the Bank of England held UK interest rates at the record low of 0.5 percent for the seventh month, the Centre for Economics and Business Research (CEBR) forecast rates remaining at this current level until 2011, reaching 2 percent by 2014.

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Making the most of the new ISA limits

Investors aged 50 and over have been making the most of their ability to top up their ISAs to a new maximum of £10,200, with a sharp increase in activity reported since the October 6th start date.

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FSA warns foreign banks to stay away

Following the Icelandic banking crisis and resulting compensation payout, the Financial Services Authority (FSA) has warned up to 10 European banks against opening branches in London.

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‘Paper’ Additional paternity leave and pay

The government has announced its intention to introduce Additional Paternity Leave and Pay for fathers of children due on or after 3 April 2011.

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National minimum wage increases

The adult rate of the National Minimum Wage (NMW) increases to £5.80 (£5.73) an hour from 1 October 2009. This is payable to those age 22 and over.

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HMRC warn of more scam emails

HMRC have updated their guidance on scam emails as they are aware that a large number of individuals are receiving emails offering tax rebates. HMRC have also confirmed that they would not inform taxpayers of a tax rebate via email, or request that they complete an online form to receive a rebate of tax.

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New UK border agency controls

The government has announced new measures which should enable resident workers to have every opportunity to fill vacancies before they are offered to workers abroad.

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